Last checked at 21 Jan 2011 14:10
Kryso Resources plc
("Kryso" or the "Company")
Appointment of Director
Kryso Resources plc (AIM: KYS) confirms that Leonard Lee (also known as LI LI), aged 45, has been appointed a director of the Company with immediate effect.
Leonard is fluent in Mandarin and English, has an MBA from the University of Rochester in New York and is also a director of Top Consultant (Hong Kong) Company Limited.
In the past 5 years he has also not been director or partner of any other company or partnership.
Leonard Lee does not hold any shares in Kryso but is appointed a director of the Company as a representative on behalf of Golden Max Group Limited. Golden Max Group Limited holds 33,823,113 ordinary shares in the Company, representing 13.44 % of the total issued shares in the Company. Golden Max Group Limited are completely independent of and have no relationship with China Nonferrous Metals Int'l Mining Co., Ltd.
Commenting on this appointment Craig Brown, Managing Director of Kryso Resources commented: "We believe Leonard's experience in corporate finance, from both the West and in China, should prove invaluable as we continue to advance our relationship with China Nonferrous Metals Int'l Mining Co., Ltd and progress the Pakrut Gold Deposit into production."
There is no further information required by AIM Rule 17 of the AIM Rules for Companies, in relation to this appointment.
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For further information please visit the Company's website (www.kryso.com) or contact:
Enquires:
Dr Trevor Davenport/Craig Brown, Kryso Resources plc
Tel: +44 (0)20 7371 0600
Katy Mitchell, WH Ireland Limited
Tel: +44 (0)16 1832 2174
Christian Dennis/Jeremy King, Optiva Securities Limited
Tel: +44 (0)20 3137 1902
Bob Huxford, Walbrook PR
Tel: +44 (0)20 7933 8780
Mobile: 07900 346 978
Bob.huxford@walbrookpr.com
About the Pakrut Gold Project
The Pakrut gold project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 112km northeast of the capital city Dushanbe. Pakrut has total JORC Code-compliant Mineral Resources of 3,024,000 oz Au (assuming a cut-off grade of 0.0g/t Au) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and western China, and which hosts a number of multi-million ounce gold deposits.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States (CIS) and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. Kryso's management team has extensive experience in the mining industry in Tajikistan.
Copyright Business Wire 2011